Brazil's Intelig Interconnects with ITXC.Business Editors/High-Tech Writers PRINCETON, N.J. & RIO DE JANEIRO Rio de Janeiro, city, Brazil Rio de Janeiro (rē`ō də zhänā`rō, Port. rē` thĭ zhənĕē`r , Brazil--(BUSINESS WIRE)--Jan.
28, 2003ITXC (Internet Telephony Exchange Carrier Corporation, Princeton, NJ, www.itxc.com) The largest IP exchange carrier in the world. ITXC was acquired by wholesale telco provider Teleglobe Bermuda Ltd. in 2004 and then by Videsh Sanchar Nigam Ltd. Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ITXC)
-- Connection to ITXC's global network gives Intelig immediate
revenue from incoming worldwide traffic
-- Intelig now is able to send calls to any destination in
the world over ITXC's network
Intelig, Brazil's second largest international long distance carrier, and ITXC Corp.(R) (NASDAQ:ITXC), one of the world's leading international voice carriers, announced today that they are exchanging international voice traffic to and from Brazil over ITXC's global network. Through its relationship with ITXC, Intelig receives payment from ITXC for completing calls in Brazil that ITXC aggregates from carriers around the world. In addition, Intelig is leveraging ITXC's high quality, low cost call completion to countries around the world, enabling them to aggressively compete in the growing Brazilian internal long distance market. Intelig enjoys these benefits without additional capital investment. "Our connection to ITXC's global network allows us to receive a new revenue source while lowering costs so that we can focus on continuing to win market share in Brazil," said Leila Garcia, Carrier Services Director at Intelig. "We are not only completing calls for ITXC, we are also using their network to send long distance calls around the world in a more efficient and cost-effective way." "By connecting to ITXC's global network, Intelig receives international call quality that meets the needs of their retail and enterprise customers in one of the largest emerging telecommunications markets in the world," said ITXC Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Tom Evslin. "We are pleased to enable Intelig, one of the major carriers in Brazil, to continue to reap the benefits of liberalization lib·er·al·ize v. lib·er·al·ized, lib·er·al·iz·ing, lib·er·al·iz·es v.tr. To make liberal or more liberal: "Our standards of private conduct have been greatly liberalized . . . of the long distance market in Brazil." ITXC has been expanding its presence in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. with recent appointments of Country Sales Managers in Brazil, Argentina, and in Chile. This expansion is evidence of the company's plans to strengthen and grow ITXC's relationships with all major licensed carriers in Latin America. The international long distance wholesale business in Latin America is expected to grow from 1 billion minutes of use in 2001 to 15.4 billion minutes in 2007, according to a Frost & Sullivan's Latin America market study. About ITXC: ITXC Corp. is one of the world's leading carriers based on minutes of international traffic carried. As a carriers' carrier, ITXC serves all major carriers in the US; many incumbent carriers worldwide including China Telecom, PLDT PLDT Philippine Long Distance Telephone Company , Telkom South Africa, Telecom Colombia, Telenor, Telia, and VSNL VSNL Videsh Sanchar Nigam Limited (India) ; and emerging and competitive carriers including COTAS-Teledata in Bolivia, Vietel in Vietnam and Data Access in India. ITXC also serves a growing number of mobile carriers including China Mobile, one of the world's largest mobile carriers. ITXC is also the Fastest Growing Technology Company in North America according to the 2002 Deloitte & Touche Technology Fast 500 ranking. For more information about ITXC, please visit www.itxc.com About Intelig Intelig has been providing telecommunications services throughout Brazil since January 23, 2000. Through its modern, 100% digital network with nationwide coverage, the carrier offers solutions for the segments of voice (residential and corporate), data and carriers. Over 25 million users have already dialed the code number 23 and Intelig has, today, 1,000 corporate clients. www.intelig.com Forward-looking statements ITXC has included in this press release "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, including all statements listed as guidance and all statements of anticipated or expected results for the current quarter and any future periods. Actual results could differ materially from those projected in the Company's forward-looking statements due to numerous known and unknown risks and uncertainties, including, among other things, unanticipated technological difficulties; the volatile and competitive environment for Internet telephony and for telecommunications; changes in domestic and foreign economic, market, and regulatory conditions; the inherent uncertainty of financial estimates and projections; uncertainty inherent in litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and in bankruptcy proceedings bankruptcy proceedings n. the bankruptcy procedure is: a) filing a petition (voluntary or involuntary) to declare a debtor person or business bankrupt, or, under Chapter 11 or 13, to allow reorganization or refinancing under a plan to meet the debts of the party ; the creditworthiness Creditworthiness The condition in which the risk of default on a debt obligation by that entity is deemed low. Creditworthiness Eligibility of an individual or firm to borrow money. of our customers; future transactions; and other considerations described as "Risk Factors" in Exhibit 99 to the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2001 and in other filings by the Company with the SEC. All such forward-looking statements are current only as of the date on which such statements were made. ITXC does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events. |
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